Fiera Capital Corp Has $62.27 Million Stake in Canadian Natural Resources Limited $CNQ

Fiera Capital Corp lowered its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 12.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,982,580 shares of the oil and gas producer’s stock after selling 272,410 shares during the period. Fiera Capital Corp owned approximately 0.09% of Canadian Natural Resources worth $62,274,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CNQ. Stratos Wealth Partners LTD. bought a new stake in shares of Canadian Natural Resources in the first quarter valued at approximately $249,000. Bleakley Financial Group LLC raised its holdings in Canadian Natural Resources by 32.0% in the 1st quarter. Bleakley Financial Group LLC now owns 31,967 shares of the oil and gas producer’s stock valued at $985,000 after acquiring an additional 7,743 shares in the last quarter. Sigma Planning Corp bought a new stake in shares of Canadian Natural Resources during the 1st quarter valued at $287,000. Massachusetts Financial Services Co. MA lifted its position in shares of Canadian Natural Resources by 8.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,757,518 shares of the oil and gas producer’s stock valued at $146,532,000 after acquiring an additional 385,009 shares during the period. Finally, Whittier Trust Co. grew its holdings in shares of Canadian Natural Resources by 11.9% during the 1st quarter. Whittier Trust Co. now owns 47,520 shares of the oil and gas producer’s stock worth $1,463,000 after purchasing an additional 5,038 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CNQ shares. Zacks Research raised Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Wells Fargo & Company raised shares of Canadian Natural Resources to a “hold” rating in a report on Thursday, October 16th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a report on Thursday, October 9th. TD Securities reiterated a “buy” rating on shares of Canadian Natural Resources in a research report on Tuesday, September 30th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $62.00 price objective on shares of Canadian Natural Resources in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

Canadian Natural Resources Trading Up 0.1%

CNQ opened at $32.43 on Thursday. The company has a market cap of $67.63 billion, a P/E ratio of 11.50 and a beta of 0.96. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $31.65 and its 200-day moving average is $31.32. Canadian Natural Resources Limited has a 1-year low of $24.65 and a 1-year high of $34.97.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings data on Thursday, November 6th. The oil and gas producer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. Canadian Natural Resources had a net margin of 19.00% and a return on equity of 19.67%. The business had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same period in the prior year, the company earned $0.97 EPS. Equities research analysts predict that Canadian Natural Resources Limited will post 2.45 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 12th will be paid a $0.5875 dividend. This represents a $2.35 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Friday, December 12th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.43. Canadian Natural Resources’s dividend payout ratio is currently 73.89%.

About Canadian Natural Resources

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).